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  #1  
Old 03-16-2009, 02:45 PM
Canadian Canadian is offline
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Default CIBC increasing personal credit lines interest

I have a personal line of credit with CIBC (I've had it for over 5 years), which I have never used. The other day I received a letter from CIBC notifying me that they are increasing the interest on the credit line by 1%. Not that I care, because I don't need the credit line, but I'm curious if this has happened to anybody else?
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Old 03-17-2009, 02:30 PM
bullish bullish is offline
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I also have a credit line with CIBC, but there haven't been any changes for a while.
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Old 03-18-2009, 01:45 PM
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Anybody else, had their interest increased?
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Old 03-23-2009, 06:35 PM
trent trent is offline
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I've stopped doing business with CIBC a long time ago.
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Old 03-24-2009, 02:40 PM
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I've talked to a friend of mine on the weekend and the same thing happened to him. CIBC sent him a letter out of the blue stating that they increase the interest on the line of credit by 1%. I thought the interest rates were going down, not up. So much for that .
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Old 03-27-2009, 02:58 PM
trent trent is offline
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This will happen more and more as the credit crisis progresses. Or should I call it a savings crisis?
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